Question

Suppose the annual employer 401(k) cost per participant is normally distributed with a standard deviation of $625, but the mean is unknown.
a. If 73.89% of such costs are greater than $1,700, what is the mean annual employer 401(k) cost per participant?
b. Suppose the mean annual employer 401(k) cost per participant is $2,258 and the standard deviation is $625.If such costs are normally distributed, 31.56% of the costs are greater than what value?



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  • CreatedFebruary 19, 2015
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